Banco Santander stock gains as profit and targets hold

Published on 11/04/2026 at 17:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banco Santander stock gains as record nine-month profit supports the bank's unchanged 2026 targets. Capital returns remain central.

Profit growth keeps targets in focus

Santander reported record underlying profit for the first nine months of 2026 and kept its full-year targets unchanged.
Revenue growth, customer expansion and capital generation remain key indicators as the bank enters the final quarter.
The completed buyback and interim dividend keep shareholder returns central to the investment case.

Banco Santander, ES0113900J37, Illustration mit AI erstellt.

Banco Santander stock traded at 10.81 euros on Lang & Schwarz at 17:01 CET on Wednesday, November 4, 2026. The share price was 5.46 percent above the 10.25-euro quote in the previous relevant report published on November 2, a separate comparison from the daily Xetra close.

The latest market update follows Santander's nine-month results, which the bank released on October 28. In its third-quarter 2026 results release, Santander said underlying profit reached 11.176 billion euros in the first nine months, up 16 percent year on year. Attributable profit rose to 12.405 billion euros, including a 1.895-billion-euro gain from the disposal of Santander Bank Polska and 666 million euros of charges, including integration costs for TSB and Webster.

Targets remain unchanged

Revenue increased 8 percent to 46.8 billion euros, while the customer base grew by 17 million over twelve months to 189 million. Santander said the expansion reflected customer activity and the continued execution of its ONE Transformation programme.

The bank retained its 2026 goals, which exclude the effects of mergers and acquisitions. Management continues to target mid-single-digit revenue growth, lower costs in constant euros, profit above the 14.1 billion euros reported in 2025 and a year-end CET1 ratio between 12.8 percent and 13 percent.

The CET1 ratio stood at 12.7 percent at the end of September after the Webster acquisition. For investors, the remaining gap to the year-end capital target and the bank's ability to sustain revenue and efficiency gains are the main indicators for the final quarter.

Capital returns stay relevant

Santander completed its 1.825-billion-euro share buyback on October 28. The interim cash dividend of 0.127 euros per share was payable on November 2, keeping distributions alongside operating performance in focus.

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